Form 4: Medallion Financial Corp. President Andrew Murstein Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Andrew Murstein, President of Medallion Financial Corp., reports a transaction involving the withholding of shares to cover tax obligations and discloses beneficial ownership through a family trust.
Summary
- On March 4, 2025, Andrew Murstein, President of Medallion Financial Corp., reported a change in beneficial ownership.
- 7,545 shares of common stock were withheld by the issuer to satisfy tax obligations related to the vesting of a restricted stock award.
- The price per share for the transaction was $8.17.
- Following the transaction, Murstein directly owns 787,188 shares of common stock.
- Murstein also indirectly owns 1,481,963 shares through the Andrew Murstein Family Trust.
Sentiment
Score: 5
Explanation: This is a neutral report on insider trading activity, specifically the withholding of shares for tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of transaction involving common stock. |
| 03/05/2025 | Date of signature for the report. |
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